I join the overwhelming majority of Americans to demand an amendment to the United States Constitution to end the domination of big money in politics and give voice to all Americans.
I will stand with all Americans, without regard to party or other differences, and urge all candidates and elected officials to do the same, in order to pass and ratify such a constitutional amendment as soon as possible.

1General Information
2Sign The Pledge
April 30, 2020

Judy Nagel: Getting Big Money Out of Politics Will Speed Economic Recovery After the Pandemic

Judy Nagel: Getting Big Money Out of Politics Will Speed Economic Recovery After the Pandemic

April 30, 2020
Published By American Promise

Recently, Judy Nagel wrote an op-ed in the Wisconsin State Journal discussing how ending pay-to-play politics can help reestablish competition and innovation in our economy, a desperately needed shift as we emerge from the coronavirus pandemic.

Nagel is a former Vice President-Investment Officer of Wells Fargo Advisors. She is one of more than 125 business leaders who have signed the Business for American Promise Statement of Principle, committing to advance nonpartisan reforms, including a Constitutional amendment to end pay-to-play politics.

In the midst of the coronavirus pandemic, we have seen dramatic economic shifts, including massive unemployment and plummeting stock prices. The economic damage will no doubt extend well beyond existing stay-at-home orders and precautionary measures, affecting our economy and our workforce for years to come. As we emerge from the pandemic, revitalizing our economy will be crucial.

“Pay-to-play politics harms economic growth and innovation, as well as global competitiveness,” Nagel writes. “It creates a top-heavy economy that does not address the financial concerns of the middle class — economic growth is driven by the purchasing power of the middle class.”

The solution: a Constitutional amendment that enables Congress and the states to set limits on political spending. The amendment would help reestablish a competitive marketplace that empowers everyday Americans, not just ultra-wealthy political donors and a handful of corporations.

Read the full op-ed here.

Related Articles

Senator Josh Hawley (R-MO) recently introduced the Ending Corporate Influence on Elections Act, which would reverse the Citizens United decision and reduce the ability of corporations to spend unlimited amounts of money in our elections. The bill has created conflict between Hawley and Senate Minority Leader Mitch McConnell (R-KY), whose allies run the Senate Leadership Fund Super PAC, which takes in unlimited contributions from corporations. Shocked? We're not!
American Promise has submitted a working paper to the American Bar Association Task Force for American Democracy, recommending a constitutional amendment to address the problem of money in American elections
We dive deep to report on how unlimited money affected the 2022 Pennsylvania Senate Election in our updated report.